Sudarshan Sukhani of s2analytics.com is of the view that one can exit Jaiprakash Associates and advises picking ICICI Bank, State Bank of India and Mahindra & Mahindra Financial Services.
Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "Jaiprakash Associates has never been a favorite. It has been going down. It is a high beta stock and is very speculative. So investors shouldn’t be touching it. There are so many blue chips companies to buy. My view is very clear, it should not be in your portfolio. According to me you should get out of the stock."
"The market is roaring upward, you put your money in banks and non banking financials companies (NBFCs). Take ICICI Bank, State Bank of India (SBI) and Mahindra & Mahindra Financial Services," he added.
Disclosure: Analyst does not have any positions in the stock.